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2024-03-31-accounts

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

Charity registration number 1100469

Company registration number 03662113 (England and Wales)

QUARANTINE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Natasha Howes
Angela Thomas
Michelle Rocha
Shaquille Raye
Christopher Bishop
Bethan Ward (Appointed 10 March 2024)
Frances Healey (Appointed 4 May 2023)
Charity number 1100469
Company number 03662113
Registered office C/O Greater Manchester Arts Centre T/A HOME
2 Tony Wilson Place
First Street
Manchester
Greater Manchester
M15 4FN
Independent examiner Tom Wilcox
Counterculture Partnership LLP
Unit 115 Ducie House
Ducie Street
Manchester
M1 2JW

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

CONTENTS

Page
Trustees' report 1 - 5
Statement of trustees' responsibilities 6
Independent examiner's report 7
Statement of financial activities 8 - 9
Balance sheet 10
Notes to the financial statements 11 - 21

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024. Included within the trustees’ report is the directors’ report as required by company law.

Reference and administrative information set out on the previous page forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

The purpose and aims of the charity

To promote, maintain, improve and advance education for the public benefit by promotion of the arts, in particular, but not exclusively, the art of drama. Our aims are to make theatre, performance and other public events that create new circumstances to talk about contemporary life.

Main activities undertaken in relation to the above purpose

The Trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance

Significant activities and achievements against objectives

The charity's main activities and who it tries to help are described below. All its charitable activities focus on promoting, maintaining, improving and advancing education for the public benefit by promotion of the arts, and are undertaken to further Quarantine’s charitable purposes for the public benefit.

On April 1st, we presented the fifth version of our 12 hour long durational performance, 12 Last Songs , at The Guildhall, Cambridge, presented by Cambridge Junction as part of Cambridge Festival. We invited 32 workers from Cambridge and around to work a shift during the performance - looking at the social relationship between “town” and “gown”- including a midwife, a ratcatcher, the Head Gardener from King’s College, a boxing coach and a worldrenowned anthropologist. Although working in a non-theatre space was not without challenges, we were very pleased with the performance – Cambridge proving to be a rich and complex city in which to examine questions about work and how people see themselves in the world. It was well attended and received by a local audience, with visits by international promoters.

Our co-Artistic Director Richard Gregory, in collaboration with Quarantine’s designer Simon Banham and local creative teams, directed 2 new versions of the large-scale public performance What Is the City but the People? In May, the project opened the Bergen International Festival (in the presence of the King and Queen of Norway) and in October it launched the 50th birthday celebrations of Sydney Opera House. These prestigious events attracted substantial media attention, each with local live audiences in excess of 3000 people and digital audiences of more than 25000.

Also in May, Richard supported Australian artist Samara Hersch on the development of a new piece of work in Rotterdam, and, online, gave outside eye/mentoring support to Irish company Brokentalkers and Norway-based Nicola Gunn on their respective new projects. Artist and producer Sarah Hunter continued mentoring artist Hugh Malyon, as part of our involvement in the Another Route fellowship programme which offers seed commissioning, an international residency and mentoring to help internationalise 12 English artists. In July and August, Richard also mentored 3 MLitt students at the University of Glasgow on their practice-as-research projects. Across the year, Co-Artistic Director Renny O’Shea gave mentoring support and advice to choreographer Andrea Buckley and theatre artists Carlota Matos and Gustavo Dias-Vallejo. In March, Sarah Hunter and Richard Gregory began a residency at Manchester Metropolitan University, working with MA Performance students on their practical module.

Sarah Hunter continued to collaborate on the development of The Beauty Project with physicist Rox Middleton and philosopher Lucy Tomlinson. Interest in the project continues with invitations to talk about the work at academic and cultural conferences and festivals.

In June, we presented our 12 Last Songs project at the ISPA (International Society for the Performing Arts) congress in Manchester and attended the Manchester International Festival Professionals weekend.

Also in June, artists Lowri Evans and Lisa Mattocks developed and presented Underscore , an interactive live and digital project that disrupts power structures operating in public space. Working with groups of girls and older women, this first version, working with Irish poet Molly Twomey (a residency supported by Poetry Ireland) was set against the backdrop of the Emmeline Pankhurst statue in St Peter’s Square, Manchester, with projections on the façade of Central Library.

We launched a new version of No Such Thing , sharing the practice of making it with partners in other cities. Led by Renny O’Shea, the first 2 versions, in Lancaster and Mülheim, were designed to involve no travel, as a way of limiting environmental impact and allowing Renny (a disabled artist), to work in an accessible way from home. In January, we took the project to Istanbul, as part of a British Council supported project with longstanding collaborators Ali Taptik/Onagore publishing and Professor Zafer Yenal. The residency took place at SALT Galata gallery.

In July, we made a first recce visit to Battersea Arts Centre (BAC), to begin planning for our whole building takeover of BAC in 2026, as part of the Wandsworth Borough of Culture year.

A successful proposal and first stage application to Chemnitz European Capital of Culture led to a visit to the city to initiate partnerships and visit potential venues in November. This enabled us to develop a full second stage proposal and an award of €35000 towards supporting the development and delivery of our 3 stranded project The Questions in Chemnitz and Manchester in 2025.

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

We began development work on 2 strands of The Questions – with research days on new performance project Telescope in November and library-based project Building of Spines, with lead artist Kate Daley learning to book bind in January and collaborating with writer Ella Otomewo in Longsight and Manchester Central Libraries in March.

Across this period, we continued working as an ensemble of artists and producers, with Sarah Hunter and Lisa Mattocks integral to the everyday fabric of Quarantine’s planning, creation and delivery of work. We also continue to work regularly with Kate Daley in a freelance capacity. In July, after 11 years working with Quarantine, Ali Dunican left the organisation for a new role with Common Wealth theatre company. We were delighted to recruit Kevin Jamieson as our new Executive Director. Kevin joined us in September, from his role as Head of Programme at HOME, Manchester.

We continued to support freelancers through offering financial and advice support via our Collaborators Fund. In 2023/24 we supported artist Kate Daley in the development of a new creative project.

Team members took part in Carbon Literacy training, and continued work on a number of policies, as well as launching our new website in October 2023.

We’ve continued with our efforts in securing income from philanthropic sources. In particular, we would like to thank The John Ellerman Foundation, The Rank Foundation and George Whalley who have kindly supported our work. We are also grateful to Arts Council England for their on-going support through core grant and project funding.

In 2023/24 we received Theatre Tax Relief from the treasury relating to costs for the production costs of 12 Last Songs in Cambridge, Underscore in Manchester and Telescope for the year ending March 2024.

Our team continued to work in a hybrid way from home and using co-working space in Manchester throughout 2023/24. In November 2023 we began regularly working at the co-working space at Manchester Museum, which has proved very successful.

We’ve continued to develop ways of working collaboratively remotely and in person, in line with project needs and personal preferences, as outlined in our Human Policy.

The main achievements of the charity include:

Promoting the arts through development and presentation (of projects detailed above);

Advancing education of the public through the arts through the development and presentation of the projects detailed above.

Beneficiaries of our services

Beneficiaries include:

Members of the public experiencing the work as audience members

Members of the public taking part in the work as performers, collaborators

Artists – working in a range of art-forms

Other professionals working in the arts - producers, directors, choreographers, writers, photographers, production and technical personnel.

Funders and supporters of the work

All the above are specific to each project but have a range of characteristics in terms of diversity of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation, socio-economic status or level of engagement with the arts.

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial review

There was a deficit in year on unrestricted funds of £8,217 and on restricted funds of £4,799. The deficit on restricted funds was due to projects that were delayed in 22/23 presented in 23/24, so utilising restricted income received in advance.

Our overall unrestricted funds at 31 March 2024 are £152,696 which is made up of free reserves of £124,642 fixed assets of £2,721 and designated funds of £25,333 to meet existing project commitments, the development of new work, and increase access, diversity and well-being.

Reserves policy

The aim of the reserves policy is to ensure that the charity’s ongoing and future activities are reasonably protected from unexpected fluctuations in its income and expenditure. The Board reviewed the reserves policy and agreed that a minimum level of unrestricted general funds, also known as free reserves, of £149,975 is appropriate given the risks faced by the charity and the sustainability of its different income streams. Free reserves at 31 March 2024 were £124,642.

Our free reserves should cover:

the maximum liability of 3 months running costs, should a break in financial support occur (for this duration); or costs to meet all liabilities should a winding-up be necessary. Liabilities include salaries, redundancy payments, plus accountancy and legal costs to meet our funding agreements and statutory liabilities.

Our current free reserves (excluding designated funds and fixed assets) are currently aligned with that target.

Plans for future periods

Future plans include the development of new projects for presentation in the UK and internationally, including further versions of 12 Last Songs in Glasgow, Perth (Australia) and Oslo. We are developing a 3 stranded project, The Questions, for Manchester and Chemnitz European Capital of Culture 2025, with confirmed support from the Allianz Foundation. This includes Building of Spines , a project for libraries which will also tour in the North of England, subject to a successful project funding bid to Arts Council England. We will continue to develop opportunities for Underscore and for No Such Thing , which has been programmed in Chemnitz and Cairo. We’re in discussion with both Battersea Arts Centre and Factory International for the development and delivery of new projects in 2026/27 and continue of our work in supporting and developing creative talent.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 5 November 1998 and registered as a charity with the Charity Commission on 3 November 2003.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The total number of such guarantees at 31st March 2024 was 7. (2023: 6). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Natasha Howes

Angela Thomas Michelle Rocha Shaquille Raye Christopher Bishop Bethan Ward (Appointed 10 March 2024) Frances Healey (Appointed 4 May 2023)

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Recruitment and appointment of trustees

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 9 to the accounts.

The board and senior team regularly review the skills, knowledge and experience required to properly govern the organisation including a skills audit. When a need for new trustees is identified, we follow processes outlined in our Diversity and Equality Policy and Action Plan to match the knowledge and skills required and to increase representation at Board level.

A robust process is in place to advertise for or solicit new charity trustees, based on their skills, experience and what they can offer to the organisation alongside the other trustees. No other person or body is entitled to appoint a charity trustee, and we carefully follow our Articles and Memorandum of Association concerning the appointment and retirement of trustees.

We recognise the responsibilities placed by law on a trustee and a thorough induction process is in place for all new trustees which includes meetings with the Chair, senior team, and other Trustees, sharing past papers and reading materials and talking through processes.

Related parties and relationships with other organisations

There have been no related party transactions in the reporting period that require disclosure.

Remuneration policy for key management personnel

Neither the Trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2023: £nil).

The trustees' report was approved by the Board of Trustees.

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.............................. Natasha Howes Trustee 9/23/2024 Date: .............................................

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.............................. Frances Healey Trustee 9/25/2024

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024

The trustees (who are also directors of Quarantine for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

25/09/2024

The trustees’ annual report has been approved by the trustees on __ and signed on their behalf by

Frances Healey

Trustee

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF QUARANTINE

I report to the trustees on my examination of the financial statements of Quarantine (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of being a Fellow Member of the Association of Charity Independent Examiners, which is one of the listed bodies

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Tom Wilcox Counterculture Partnership LLP

Unit 115 Ducie House Ducie Street Manchester M1 2JW

Dated: ......................... 25 September 2024

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Current financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
Designated
fund
2024
2024
2024
Notes
£
£
£
Income from:
Donations and legacies
3
240
-
-
Charitable activities
Charitable activities
4
229,043
-
22,328
Other trading activities
4
3,600
-
-
Other income
4
31,958
-
-
Investments
5
3,994
-
-
Total income
268,835
-
22,328
Expenditure on:
Raising funds
6
300
-
-
Charitable activities
7
276,752
-
27,127
Total expenditure
277,052
-
27,127
Net income/(expenditure)
(8,217)
-
(4,799)
Net income/(expenditure)
(8,217)
-
(4,799)
Transfers between funds
(7,570)
2,771
4,799
Net movement in funds
8
(15,787)
2,771
-
Reconciliation of funds:
Fund balances at 1 April 2023
143,150
22,562
-
Fund balances at 31 March 2024
127,363
25,333
-		 Total
2024
£
240
251,371
3,600
31,958
3,994
291,163
300
303,879
304,179
(13,016)
(13,016)
-
(13,016)
165,712
152,696		 Total
2023
£
440
-
295,909
4,376
70,188
1,008
371,921
6,383
342,672
349,055
22,866
22,866
-
22,866
142,846
165,712

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Prior financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
Designated
fund
2023
2023
2023
Notes
£
£
£
Income from:
Donations and legacies
3
440
-
-
Charitable activities
Charitable activities
4
256,639
-
39,270
Other trading activities
4
4,376
-
-
Other income
4
70,188
-
-
Investments
5
1,008
-
-
Total income
332,651
-
39,270
Expenditure on:
Raising funds
6
6,383
-
-
Charitable activities
7
303,402
-
39,270
Total expenditure
309,785
-
39,270
Net income
22,866
-
-
Transfers between funds
33,015
(33,015)
-
Net movement in funds
8
55,881
(33,015)
-
Reconciliation of funds:
Fund balances at 1 April 2022
87,269
55,577
-
Fund balances at 31 March 2023
143,150
22,562
-		 Total
2023
£
440
-
295,909
4,376
70,188
1,008
371,921
6,383
342,672
349,055
22,866
-
22,866
142,846
165,712

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
Net assets excluding pension liability
The funds of the charity
Unrestricted funds - general
Unrestricted funds - Designated fund
18		 2024
£
100,512
115,848
216,360
(66,385)		 £
2,721
149,975
152,696
152,696
127,363
25,333
152,696		 2023
£
126,316
44,434
170,750
(6,707)		 £
1,669
164,043
165,712
165,712
143,150
22,562
165,712

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

25/09/2024

The financial statements were approved by the trustees on .........................

.............................. ..............................
Natasha Howes Frances Healey
Trustee Trustee

Company registration number 03662113 (England and Wales)

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Quarantine is a private company limited by guarantee incorporated in England and Wales. The registered office is C/O Greater Manchester Arts Centre T/A HOME, 2 Tony Wilson Place, First Street, Manchester, Greater Manchester, M15 4FN.

1.1 Accounting convention

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Quarantine meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Technical equipment 20% on straight line basis Computers and equipment 33% on straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 240 440
Donations and gifts
Donations 240 440
240 440

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

(Continued)

Unrestricted Restricted
2024
2024
£
£
Grants
Arts Council England
163,889
8,330
Manchester City Council
-
-
Granada Foundation
-
-
The Rank Foundation
5,000
-
University of Leeds
-
13,998
Access to work fund
20,311
-
John Ellerman institute
15,000
-
Box office
Takings and commissioning
fees
24,843
-
229,043
22,328
4
Income from other trading activities
Unrestricted Restricted
2024
2024
£
£
Rent
3,600
-
Other income
-
-
Theatre Tax relief
31,958
-
35,558
-
5
Income from investments
Interest receivable		 Total
Unrestricted
Restricted
Total
2024
2023
2023
2023
£
£
£
£
172,219
163,889
19,470
183,359
-
13,000
-
13,000
-
-
2,000
2,000
5,000
8,500
11,500
20,000
13,998
-
6,300
6,300
20,311
-
-
-
15,000
-
-
-
24,843
71,250
-
71,250
251,371
256,639
39,270
295,909
Total
Unrestricted
Restricted
Total
2024
2023
2023
2023
£
£
£
£
3,600
3,510
-
3,510
-
866
-
866
31,958
70,188
-
70,188
35,558
74,564
-
74,564
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
3,994
1,008		 Total
2023
£
183,359
13,000
2,000
20,000
6,300
-
-
71,250
295,909
Total
2023
£
3,510
866
70,188
74,564

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

6 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Other fundraising costs 300 810
Support costs - 5,573
300 6,383
Expenditure on charitable activities
2024 2023
£ £
Direct costs
Staff costs 146,612 172,721
Depreciation and impairment 1,502 1,160
Freelance fees 28,760 19,956
Training and recruitment 1,639 1,105
Production costs 64,289 100,440
Marketing and entertainment 7,685 10,830
Office and administration 27,141 30,636
Legal and professional fees - 125
Loss on foreign exchange 189 (24)
Irrecoverable VAT 2,840 2,237
Support work fees 20,246 -
300,903 339,186
Share of support and governance costs (see note )
Governance 2,976 3,486
303,879 342,672
Analysis by fund
Unrestricted funds - general 276,752 303,402
Restricted funds 27,127 39,270
303,879 342,672

7 Expenditure on charitable activities

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

8 Net movement in funds 2024 2023
£ £
This is stated after charging/(crediting):
Depreciation 1,502 1,160
Accountancy fees 1,350 1,350
Independent examiner's fee 400 250
Other services 500 600

9 Trustees

No member of the management committee received travel and subsistence expenses during the year (2023: Nil).

There were no aggregate donations from related parties during the year (2023: Nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustees or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2023: Nil).

10 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
5
2024
£
132,855
6,826
6,931
146,612		 2023
Number
7
2023
£
156,369
9,071
7,281
172,721

There were no employees whose annual remuneration was more than £60,000.

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

10 Employees

(Continued)

Remuneration of key management personnel

The key management personnel of the charity comprise the trustees, the Executive Director and the Artistic Directors. The total employee benefits of the key management personnel of the charity were as follows:

2024 2023
£ £
Aggregate compensation 92,869 84,961

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Tangible fixed assets

Tangible fixed assets Tangible fixed assets Tangible fixed assets Tangible fixed assets
Technical
equipment
Computers
and equipment
£
£
Cost
At 1 April 2023
24,326
8,651
Additions
-
2,553
At 31 March 2024
24,326
11,204
Depreciation and impairment
At 1 April 2023
24,326
6,981
Depreciation charged in the year
-
1,502
At 31 March 2024
24,326
8,483
Carrying amount
At 31 March 2024
-
2,721
At 31 March 2023
-
1,669		 Total
£
32,977
2,553
35,530
31,307
1,502
32,809
2,721
1,669
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2023
£
9,754
115,305
1,257
126,316

13 Debtors

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
15
Trade creditors
Other creditors
Accruals and deferred income
15
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024
16
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
2,960
54,000
5,324
1,851
2,250
66,385
2024
£
54,000

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
The University of Leeds -
Beauty Research - 13,998 (11,038) (2,960) -
Arts Council Project Grant -
Underscore - 8,330 (16,089) 7,759 -
- 22,328 (27,127) 4,799 -
Previous year: At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
12 Last Songs - 21,470 (21,470) - -
Collaborators Fund - 1,500 (1,500) - -
Would Like To Meet Project - 10,000 (10,000) - -
The Beauty Project - 6,300 (6,300) - -
- 39,270 (39,270) - -

The University of Leeds - Beauty Research

Project to research the value of beauty in performance, commissioned and resourced by the Centre for Cultural Value at the University of Leeds

Arts Council Project Grant - Underscore

Educational project engaging local groups of women and girls which led to a public performance in front of Manchester Central Library funded in part via Arts Council, England.

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

18 Unrestricted funds - Designated fund

These are unrestricted funds which are material to the charity's activities.

At 1 April Transfers At 31 March
2023 2024
£ £ £
5,229 (5,229) -
Development of new work 5,664 14,000 19,664
Increasing access and diversity 10,000 (10,000) -
Collaborators fund - 4,000 4,000
Designated property assets fund 1,669 - 1,669
22,562 2,771 25,333
Previous year: At 1 April Transfers At 31 March
2022 2023
£ £ £
Projects 4,746 483 5,229
Development of new work 40,000 (34,336) 5,664
Increasing access and diversity 10,000 - 10,000
Designated property assets fund 831 838 1,669
55,577 (33,015) 22,562

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
General funds 143,150 268,835 (277,052) (7,570) 127,363
Previous year: At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
General funds 87,269 332,651 (309,785) 33,015 143,150

Docusign Envelope ID: 6FD94E93-B137-4714-81B9-85AAF7087C92

QUARANTINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

20 Analysis of net assets between funds

Unrestricted
Unrestricted
funds
funds
general
Designated
fund
2024
2024
£
£
At 31 March 2024:
Tangible assets
2,721
-
Current assets/(liabilities)
124,642
25,333
127,363
25,333
Unrestricted
Unrestricted
funds
funds
general
Designated
fund
2023
2023
£
£
At 31 March 2023:
Tangible assets
1,669
-
Current assets/(liabilities)
141,481
22,562
143,150
22,562		 Total
2024
£
2,721
149,975
152,696
Total
2023
£
1,669
164,043
165,712

21 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).